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Pricing

2023
Exports $1.51BWorld Rnk 6 / 218
Flag Rnk 97 / 1216
2023
Destination $18M Germany
2022 - 2023
FASTEST GROWING MARKET $18MGermany
2023
PRODUCT COMPLEXITY IN Ball Bearings1.17Rnk 116 / 1025
2023
Imports $1.37BWorld Rnk 6 / 221
Flag Rnk 96 / 1213
2023
Origin $26.3M Germany
2022 - 2023
FASTEST GROWING ORIGIN $26.3MFrance
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $1.51B in Ball Bearings, making it the 6th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 97th most exported product in Italy. The main destination of Ball Bearings exports from Italy are: Germany ($355M), France ($205M), United States ($91.6M), Belgium ($82.6M), and China ($80.1M).

The fastest growing export markets for Ball Bearings of Italy between 2022 and 2023 were Germany ($18M), Czechia ($7.32M), and Sweden ($6.64M).

Imports In 2023, Italy imported $1.37B in Ball Bearings, becoming the 6th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 96th most imported product in Italy. Italy imports Ball Bearings primarily from: Germany ($358M), China ($269M), France ($262M), Netherlands ($120M), and Belgium ($53.3M).

The fastest growing import markets in Ball Bearings for Italy between 2022 and 2023 were France ($26.3M), United States ($9.83M), and Switzerland ($5.16M).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (11), SKF Group (4), and Robert Bosch (1) were at the forefront of shipping Ball Bearings from Italy to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Italy's Ball Bearings exports accounted up to €107M and imports accounted up to €108M, resulting in a negative trade balance of €1.05M. Between October 2023 and October 2024 the exports of Italy's   Ball Bearings have decreased by €-6.5M (-5.73%) from €113M to €107M, while imports decreased by €-425k (-0.39%) from €108M to €108M.

Destinations In October 2024, Ball Bearings were exported mostly to Germany (€27.2M), France (€14.1M), United States (€8.62M), Belgium (€6.62M), and China (€4.98M), and were imported mostly from Germany (€29.2M), France (€21.1M), China (€19.4M), Netherlands (€6.9M), and Bulgaria (€5.2M).

Growth In October 2024, the decrease in Ball Bearings's year-by-year exports was explained primarily by a decrease in exports to Belgium (€-1.23M or -15.6%), Malaysia (€-1.16M or -71.3%), and Spain (€-672k or -10.6%). In October 2024, the decrease in Ball Bearings's year-by-year imports was explained primarily by a decrease in imports from China (€-7.04M or -24%), Bulgaria (€-5.69M or -92.7%), and Chinese Taipei (€-4.07M or -76.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-6.5M(-5.73%)
IMPORT GROWTH (October 2023 - October 2024)€-425k(-0.39%)
MAIN DESTINATION (October 2024)Germany€27.2M

This section shows Ball Bearings's exports and imports data at subnational level for Italy. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Ball Bearings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.51B
IMPORTS (2023)$1.37B
NET TRADE (2023)$144M

In 2023, Italy exported $1.51B in Ball Bearings. The main destinations of Italy exports on Ball Bearings were Germany ($355M), France ($205M), United States ($91.6M), Belgium ($82.6M), and China ($80.1M).

In 2023, Italy imported $1.37B in Ball Bearings, mainly from Germany ($358M), China ($269M), France ($262M), Netherlands ($120M), and Belgium ($53.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Germany$18M (5.35%)
Czechia$7.32M (35.2%)
Sweden$6.64M (12.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Italy WERE (2022 - 2023):
China-$6.89M (-7.91%)
Malaysia-$6.36M (-29.9%)
France-$5.44M (-2.58%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Ball Bearings were:
China $6.46B
Germany $5.01B
Japan $4.28B
In 2023, Italy's main importing competitors in Ball Bearings were:
Germany $4.37B
China $3.31B
United States $3.24B

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Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $50M
TOP IMPORT POTENTIALChina+ $41.8M

Ball Bearings’s highest export potential is United States. With an export gap of $50M.   Ball Bearings’s highest import potential is China with an import gap of $41.8M.

See methodology.

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